Dimensional Fund Advisors LP Has $133.12 Million Holdings in Fresh Del Monte Produce, Inc. $FDP

Dimensional Fund Advisors LP trimmed its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,306,316 shares of the company’s stock after selling 22,782 shares during the quarter. Dimensional Fund Advisors LP owned 6.96% of Fresh Del Monte Produce worth $133,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FDP. Parallel Advisors LLC grew its stake in shares of Fresh Del Monte Produce by 8.5% in the 1st quarter. Parallel Advisors LLC now owns 5,659 shares of the company’s stock valued at $228,000 after buying an additional 445 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Fresh Del Monte Produce during the first quarter valued at approximately $208,000. Hsbc Holdings PLC acquired a new stake in Fresh Del Monte Produce in the first quarter valued at approximately $306,000. Waterfront Wealth Inc. lifted its stake in Fresh Del Monte Produce by 2.9% in the first quarter. Waterfront Wealth Inc. now owns 31,936 shares of the company’s stock valued at $1,286,000 after acquiring an additional 909 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in Fresh Del Monte Produce in the first quarter worth approximately $214,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings cut Fresh Del Monte Produce from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wall Street Zen lowered Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fresh Del Monte Produce has an average rating of “Hold”.

Fresh Del Monte Produce Stock Down 0.1%

NYSE FDP opened at $28.31 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 2.34. The firm has a 50-day simple moving average of $29.51 and a 200 day simple moving average of $36.29. Fresh Del Monte Produce, Inc. has a twelve month low of $26.47 and a twelve month high of $43.58. The stock has a market cap of $1.35 billion, a PE ratio of 19.52 and a beta of 0.22.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Fresh Del Monte Produce had a net margin of 1.63% and a return on equity of 7.61%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share.

Insiders Place Their Bets

In other Fresh Del Monte Produce news, Director Ahmad Abu-Ghazaleh bought 4,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $29.41 per share, for a total transaction of $117,640.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at $117,640. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 30.60% of the stock is owned by corporate insiders.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.